Yesterday’s closing dated –11/10/2023
◾London White Sugar – 709.30s -10.40 (-1.45%)
◾NYBOT Raw Sugar #11 – 26.40s -0.65 (-2.40%)
◾USD/BRL- 5.0529 +0.0013 (+0.03%)
◾USD/INR – 83.187 (+0.0575)
◾Brent Crude – 85.82 -1.83 (-2.1%)
◾BSE Sensex – 66,473.05 (+393.69)
◾NIFTY50 – 19,811.35 (+121.50)
Sugar prices Wednesday extended Tuesday’s losses on ramped-up sugar production in Brazil. Unica’s latest report, released on Tuesday, shows a surge in Brazil’s Center-South sugar production for the second half of September, showing a 98% year-on-year increase, reaching 3.364 million metric tons (MMT). Moreover, sugar output for the 2023/24 crop year through September saw a substantial year-on-year rise of 23.8%, amounting to 32.615 MMT.
